# Cliff Asness on Bubbles, Private Equity and His Research Greatest Hits

Page: https://stenobird.com/podcast/excess-returns-902655/cliff-asness-on-bubbles-private-equity-and-his-research-greatest-hits
Text version: https://stenobird.com/podcast/excess-returns-902655/cliff-asness-on-bubbles-private-equity-and-his-research-greatest-hits.md
Podcast: [Excess Returns](https://stenobird.com/podcast/excess-returns-902655)
Published: 2026-05-23T09:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/excess-returns/episodes/Cliff-Asness-on-Bubbles--Private-Equity-and-His-Research-Greatest-Hits-e3jp5f8
Audio file: https://traffic.megaphone.fm/APO2951959178.mp3
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JSON: https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/cliff-asness-on-bubbles-private-equity-and-his-research-greatest-hits
Duration seconds: 4728

## Resource

Cliff Asness returns to Excess Returns for a greatest hits tour through some of his most important and entertaining investing ideas. We discuss bubble logic, today’s AI market comparisons, why volatility still matters as a risk measure, private equity “volatility laundering,” international diversification, market timing myths, pulling the goalie, and how machine learning is changing quantitative investing. Cliff Asness on X https://x.com/CliffordAsness AQR Capital Management https://www.aqr.com/ Papers Discussed Bubble Logic: Or, How to Learn to Stop Worrying and Love the Bull https://www.aqr.com/Insights/Research/Working-Paper/Bubble-Logic-Or-How-to-Learn-to-Stop-Worrying-and-Love-the-Bull Rubble Logic: What Did We Learn From the Great Stock Market Bubble? https://www.aqr.com/Insights/Research/Journal-Article/Rubble-Logic My Top 10 Peeves https://www.aqr.com/-/media/AQR/Documents/Insights/Journal-Article/My-Top-10-Peeves.pdf Volatility Laundering https://www.aqr.com/Insights/Perspectives/Volatility-Laundering I Did Not Predict What Is Going on in Privates https://www.aqr.com/Insights/Perspectives/I-Did-Not-Predict-What-is-Going-on-in-Privates (So) What If You Miss the Market's N Best Days? https://www.aqr.com/Insights/Perspectives/So-What-If-You-Miss-the-Markets-N-Best-Days International Diversification Works (Eventually) https://www.aqr.com/Insights/Research/Journal-Article/International-Diversification-Works-Eventually International Diversification - Still Not Crazy after All These Years https://www.aqr.com/Insights/Research/Journal-Article/International-Diversification-Still-Not-Crazy-after-All-These-Years Perhaps the Most Important Essay I Will Ever Co Author https://www.aqr.com/Insights/Perspectives/Perhaps-the-Most-Important-Essay-I-Will-Ever-Co-Author Main topi…

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